Residential Alternative Energy System Tax Credit

Last updated: June 03, 2019

Program Overview

Implementing Sector:State
Category:Financial Incentive
State:Montana
Incentive Type:Personal Tax Credit
Web Site:http://deq.mt.gov/Energy/EnergizeMT/Renewable/TaxIncentRenew#nonfossilgeneration
Administrator:Montana Department of Environmental Quality
Start Date:01/01/2002
Eligible Renewable/Other Technologies:Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels
Incentive Amount:100%
Maximum Incentive:$500 per individual taxpayer; up to $1,000 per household.
Equipment Requirements:Systems must be new and in compliance with all applicable performance and safety standards
Carryover Provisions:Excess credit may be carried forward four years

Authorities

Name:MCA § 15-32-201
Date Enacted:2001
Effective Date:1/1/2002
Expiration Date:none

Incentives

Technologies:Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels
Sectors:Residential, Low Income Residential
Parameters:The incentive is 100.00 %, The incentive has a maximum of $1000.00

Summary

Residential taxpayers who install an energy system using a recognized non-fossil form of energy on their home after December 31, 2001 are eligible for a tax credit equal to the amount of the cost of the system and installation of the system, not to exceed $500. This cap is for individual taxpayers, so married taxpayers filing jointly can get a tax credit of up to $1,000 per household. The tax credit may be carried over for the following four taxable years.

Recognized non-fossil forms of energy generation include systems that generate energy from solar, wind, solid waste, geothermal, fuel cells, biomass, wood waste, or small hydropower systems.  

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